Konstant Acquires Cosme Inc.: Expanding Storage Solutions in Canada

Deal News | Nov 27, 2024 | Globenewswire

Konstant, a leading Canadian manufacturer and dealer of racking and material handling solutions, has acquired the commercial assets of Cosme Inc. The acquisition marks a significant expansion for Konstant, enhancing its capabilities to deliver comprehensive storage solutions across Canada. Established in 1987, Cosme Inc. is recognized for its high-quality engineering and advanced storage solutions, such as Microfriction Pushback Racking and Structa-Cant Cantilever Racking. With this acquisition, Konstant will benefit from Cosme's 72,000-square-foot facility in LaSalle, Quebec, adding valuable production capacity and expertise. This move is aligned with Konstant's strategic objectives to broaden its product offerings, including applications across diverse industries. Konstant's CEO, Randy Wronzberg, emphasized the importance of expanding into Quebec and enriching their product portfolio to meet growing customer demands.

Sectors

  • Storage and Material Handling
  • Manufacturing

Geography

  • Canada – The acquisition involves Canadian companies, and the expansion aligns with Konstant's growth strategy within the country.

Industry

  • Storage and Material Handling – The article focuses on companies specializing in storage solutions and material handling, as demonstrated by Konstant's acquisition of Cosme Inc.
  • Manufacturing – Konstant's and Cosme's operations involve the design and manufacturing of storage systems, making this industry sector relevant.

Financials

    Participants

    NameRoleTypeDescription
    KonstantAcquiring CompanyCompanyA leading Canadian manufacturer and dealer of racking and related material handling products and services.
    Cosme Inc.Target CompanyCompanyKnown for engineering high-quality storage solutions and contributing its facility and expertise in the acquisition.
    G.N. Johnston Equipment Co. Ltd.Parent CompanyCompanyThe parent company of Konstant, supporting growth strategies within the material handling industry.
    Randy WronzbergCEO of KonstantPeoplePresident and Chief Executive Officer of Konstant, overseeing the company's acquisition and expansion strategies.